I just buy whatever I want and put it on the Underhill's tab.
Buying stuff is for losersI just buy whatever I want and put it on the Underhill's tab.
That's a choice. But if you have enough approved credit, your credit utilization can be low anyway paying right on time. Especially if you have several credit cards and spread your purchases across the cards. I'd also rather look at the statements and ensure there's no errors each month.I prefer to have minimal debt showing on my credit reports to keep my DTI low
That’s very good…be happy you’re not “the norm”That's why you check the statements, but auto pay also keeps you out of trouble if you happen to forget that a card payment was due.
Never had a late fee or missed payment and my credit score is over 800.
What year we in?An average of about $2,000 for a family (let's suppose, a family of 4) for a week at Disney.
You think that’s hard data?Since the majority are 'paying it off' within half a year. It sounds like normal credit card purchases to me.
Hell…how many points can i get with that?Just as a FYI, the current APR on a Disney Co-Branded Chase Visa card tops out currently at 28.24%.
But you get 6 months promo at 0% for any Disney Vacation bookings and purchases. (FREE MONEY YAY!!!!)
In general, over the decades, countless people have considered a Disney World vacation as a special trip to do at least once in a lifetime — and of those, countless then became fans who revisit, sometimes remarkably frequently.
And yes, for many people, experiences are worth more than physical goods. Especially experiences shared with loved ones.
You shouldn’t go into debt for any “once in a lifetime” experience, physical goods, or any fake justification for poor financial choices.You’ve already got threads where you can continue your campaign against Disney’s current value proposition.
In general, over the decades, countless people have considered a Disney World vacation as a special trip to do at least once in a lifetime — and of those, countless then became fans who revisit, sometimes remarkably frequently.
And yes, for many people, experiences are worth more than physical goods. Especially experiences shared with loved ones.
You shouldn’t go into debt for any “once in a lifetime” experience, physical goods, or any fake justification for poor financial choices.
If you have to finance at 0% for a vacation, you’ll also be the type to not have the money after the interest free period ends. Why do you think they offer that?Disney visa lets you finance your vacation at 0% APR for six months. Most likely what this is.
Agreed.There's no surpise. There's no great mystery. There's a credit bubble. It's going to burst. It is going to be very painful for some.
Credit cards will start slashing credit lines. The person with the $7500 credit line who owes $5500 is going to wake up one morning to find out that his line has been cut to $5750. His utlization takes a hit, his score takes a hit, and his interest rate for future purchases will more than likely increase. Including that Disney Vacation.
The current patterns are unsustainable.
…oh I don’t know…afterall they once hired me for that kinda thingYou'll never get hired at "Disney Marketing"
Credit card debt is almost never paid off that quickly. The data show that. Promotional rates exist bc people don’t pay off their balances.A $6,500 vacation on a credit card with even the ridiculous 28.24% APR pointed out earlier that is paid off over six months will increase the cost of you vacation by roughly $365.
Obviously this only applies to people who actually pay it off over a reasonable time (which was most survey respondents) but less than $400 dollars for a possible once in a life time trip isn't that bad.
Personally I wouldn't do it but to each their own.
In general I agree but, in this case we are talking about a survey where 75% of people did exactly that.Credit card debt is almost never paid off that quickly. The data show that. Promotional rates exist bc people don’t pay off their balances.
Everyone thinking they can “beat” the system are why the system exists.
People with money just pay for stuff. They aren’t juggling 0% promotions and acting like they are financially savvy by timing markets to beat promotional interest rates and paying off balances at the perfect time to maximize returns. Doesn’t happen. It’s a justification for spending money you don’t have.
A $6,500 vacation on a credit card with even the ridiculous 28.24% APR pointed out earlier that is paid off over six months will increase the cost of you vacation by roughly $365.
Obviously this only applies to people who actually pay it off over a reasonable time (which was most survey respondents) but less than $400 dollars for a possible once in a life time trip isn't that bad.
Personally I wouldn't do it but to each their own.
Do people lie on surveys?In general I agree but, in this case we are talking about a survey where 75% of people did exactly that.
That is immediately what I was thinking. If you use a credit card, you are "in debt" until you pay it. The article was sloppy in that it did not immediately and clearly define what debt meant here. Almost exactly in the middle, it finally did. ...at least 3 months to pay off (and therefore paying interest).What I’m curious about is if they count using a credit card to pay for things at Disney to be debt since technically it is.
However in my case it’s paid off before the statement cuts, so is it really debt? I pay no interest and no annual fee, so I consider it a way to spend 3% less at Disney thanks to cashback.
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